First Time Homebuyer Program:

NOTE: This Program Is Not Being Funded At This Time

The State Housing Initiatives Partnership Program (SHIP) provides funds to local governments as an incentive to create partnerships that produce and preserve affordable home ownership and multi-family housing. Applications are accepted year round by appointment as funding is available

Down Payment/Closing Cost Assistance:

When funding is available SHIP provides up to $10,000 to be used toward down payment and closing costs in an effort to make homes affordable for first time home buyers. Qualified applicants will be required to contribute 3% of the purchase price of the home or $2,000, whichever is greater. (Amount of assistance provided is subject to change.)

Eligible Properties:

Eligible properties may be single-family homes and condominiums. Two to four family units may be eligible if the home buyer uses one unit as a principal residence. Mobile homes are not eligible. Properties may be located within the incorporated or unincorporated areas of Citrus County. The sales prices cannot exceed on Existing homes: $110,000.00.


The subsidy is in the form of a soft second mortgage with zero-interest and no monthly payments. The entire amount of assistance will be due and payable if the home is sold; or, the home is no longer the primary residence of the client; or, the first mortgage is paid in full or refinanced; or, a home equity line of credit is obtained.

Funding Availability:

All guidelines, funding amounts, client required investment, etc. are subject to change at any time without notice.


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